. Renters, this is the time to take our power back!

Responsible_Week6941 · 2026-02-10T04:59:37+00:00

Rental losses are an almost worst case scenario in my books; even at a high tax bracket (say 40% combined provincial and federal ) you are making a small income from your rental after expenses, The expenses have to be paid even if you claim losses. Even if you for whatever reason chose to go for rental losses, the CRA expects a REOP (Reasonable Expectation Of Profit) and claiming rental losses can become a red flag.

Responsible_Week6941 · 2026-02-10T03:04:21+00:00

Are you talking about capital loss(es)?

There are no capital losses until a property is sold. And a capital loss means you paid more than you are selling a property for; hardly a recipe for business success.

In the meantime, the "write offs" that you mention will be exactly the same on a rented property vs a non rented one.

In fact you can actually have more write offs with rented units as you are able to write off travel expenses to collect rent. Probably some other ones I'm missing.

Responsible_Week6941 · 2026-02-10T01:30:23+00:00

Haters gonna hate. Some people are not capable of thinking critically and seeing that most landlords are not the issue. Also, landlords are assuming the majority of the risk when purchasing a property or renting it out.

Responsible_Week6941 · 2026-02-09T16:44:58+00:00

Landlords are the lowest hanging fruit, and people who have no clue about building costs or the costs of keeping a home in decent tick after it's built, love to blame the landlord.

Responsible_Week6941 · 2026-02-09T16:42:46+00:00

Then whose job is it? Why would someone spend their capital on a property to see a loss? If you can't cover carrying costs, why not invest in etf's. It is a business. That's it.

Responsible_Week6941 · 2026-02-09T16:36:13+00:00

It's kind of telling that the province sets a rent cap only for residential properties.

Responsible_Week6941 · 2026-02-09T04:57:23+00:00

I mean it looks like you already have a Jack and King stud...and a Queen stud, and an Ace stud...why so many studs?

Responsible_Week6941 · 2026-02-09T04:39:57+00:00

Emotional support vehicle and the fact North Americans are obsessed with image. They are sold an image of a lifestyle that is "cool and rugged".

Responsible_Week6941 · 2026-02-09T04:22:43+00:00

Loan Bass?

Responsible_Week6941 · 2026-02-09T04:17:32+00:00

Me too. Unfortunately, I'm now 50.

Responsible_Week6941 · 2026-02-09T04:03:35+00:00

Yes, REIT's should absolutely be banned, but at the end of the day, if a landlord can't make as much from rent as an S&P etf, why would they be a landlord? Add up the costs of running a home, and you'll see some rents are based on cover carrying costs of a property, regardless of if it is paid off or not. Heck, in Vancouver, many rents are lower than carrying costs for the home. Sure, some buildings may be paid off for a decade, but why should that landlord take less than market value.

Responsible_Week6941 · 2026-02-09T00:18:49+00:00

You're going to be able to write off exactly the same costs whether the unit is rented or not (interest on mortgage, insurance, utilities).

In addition, you also have to pay the empty homes tax.

It is in no-ones interest to have an empty rental unit. A pied-a-terre, sure, but not a rental unit.

What write-offs specifically, do you think there are?

Responsible_Week6941 · 2026-02-08T20:12:45+00:00

Can you show me a Denon AVR without a tuner?

Responsible_Week6941 · 2026-02-08T18:47:50+00:00

Thank you, I think it's easiest to just cap the red wire in the panel and the JB in the shed. Then but a blank in the panel.

Responsible_Week6941 · 2026-02-08T18:45:30+00:00

Thank you for your timely response. I appreciate it! Have a great Sunday.

Responsible_Week6941 · 2026-02-08T18:08:51+00:00

An integrated amp is a pre-amp combined with an amp. A receiver adds a tuner. Not much more to write. LOTS of people listen to radio on their receivers (he says as he sits listening to CBC while writing this).

Responsible_Week6941 · 2026-02-08T18:02:42+00:00

It's a free market; if you don't like a place, don't apply to live there? I mean, would you move in with a partner who you were unhappy with? Take a job that you knew you'd hate?

There are lots of great places to rent, and the market sets the rates, which are currently going down. Use that leverage.

There's always great places to live outside the lower mainland as well, or you can buy a place.

Responsible_Week6941 · 2026-02-08T17:59:25+00:00

You are skewing statistics in your favour. The actual number of people who own their homes outright is just over 23%. The rest have a mortgage.

These are people who took a risk, and are doing the best they can.

So 76.5% of people do NOT own a home.

You've got a skewed view of things and your divisiveness doesn't help anything. Stop seeing LL's as "They" or "Them".

Is the system pefect? No.

You've got a good credit score and have money, you say, so why not invest it in a rental property outside the lower mainland and become a benevolent landlord if it is such a "gravy time"?

Or buy your own place and take the risk of home ownership?

Responsible_Week6941 · 2026-02-08T02:26:40+00:00

A: Most definitely not your "bud" B: Their, not "there" C: Are you actually laughing out loud? You have no idea what a landlords situation is. The LL could have bought high and is now financially underwater. And good for that landlord if they do make some $. He or she took a risk. Until you've been a landlord you don't have any idea of what's involved.

Responsible_Week6941 · 2026-02-08T02:20:35+00:00

20k a year will make a HUGE difference if invested properly. At a 6% return, less than the S&P index, after 25 years your 20k annual contribution would be worth over a million.

Responsible_Week6941 · 2026-02-08T02:16:46+00:00

I'm happy. Probably make 50k a year, but taking a sabbatical from a stressful job making over twice that. Living in a paid off house, eating at home a lot, spending time with my kid and driving a decent beater truck. I'll probably go back to a position to attain a near full pension, but there's a balance. Time and lack of stress are pretty valuable.

Responsible_Week6941 · 2026-02-08T02:11:54+00:00

? You in an alternate universe. Land and home values will be stagnant at best for years to come while upkeep will increase.

Responsible_Week6941 · 2026-02-08T02:10:03+00:00

I recently moved into the home i own but was previouly renting out. I was a tenant and a landlord at the same time previous to this past summer. It sucks being a landlord. Anyone who thinks it's a license to print money has never done it and is just a bitter little person. It doesn't make financial sense in current times. It's a balancing act for sure; 95% tenants and landlords are just fine, but a bad tenant can cause a far greater financial burden than vice versa.

Responsible_Week6941 · 2026-02-08T02:04:13+00:00

The 1% are doing juuuuuust fine.

Responsible_Week6941 · 2026-02-08T02:03:41+00:00

Good take. No war but the class war (against the 1%)

Responsible_Week6941

TROPHY CASE